Mission Lake

Key facts from Mission Lake's documents

Reflects the 2023 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

residential community with single-family residences that may be joined by common walls; classified as a homeowners association (HOA) (Article I (e) definition of 'Unit' and A)

Developer / declarant

Mission Lake Community Association (current), original declarant: Mission Lake Development Company, Inc. (Whereas clauses and grantor/grantee in r)

Governing law

Missouri Revised Statutes (Chapter 443 regarding power of sale, RSMo 59.310.3 for non-standard fee) (Article V, Section 9(B) (power of sale p)

Assessments & dues

Board levies annual assessments at an amount not exceeding maximum; maximum may increase up to 10% per year plus increases in taxes, utilities, insurance without membership vote; higher increases require 51% of members present and voting at (Article V, Section 3(A) and 3(B))

Special assessments

allowed for capital improvements, repairs, replacements; requires approval by affirmative vote of 51% of members present and voting at a meeting with 10-40 days’ notice; assessment due as approved (Article V, Section 4)

Collections & liens

Unpaid assessments become a continuing lien on the Unit; Association may foreclose like a mortgage/deed of trust under Missouri law including power of sale under Chapter 443; also may sue for money judgment without waiving lien; full unpaid (Article V, Sections 1, 9, and 11)

Reserves & fees

Association shall include in annual assessments sums for reserve fund for replacements of Common Properties, painting exteriors, repair/replacement of paved areas, maintenance/repair of ponds; funded by monthly payments; held in separate ac (Article V, Section 15)

Pets

household domestic pets not bred or maintained for commercial purposes may be kept, subject to city ordinances and Board’s discretion; dogs with vicious propensities may be prohibited; maintenance may be terminated if constitutes nuisance o (Article XI, Section 2(M))

Leasing & rentals

yes, but with restrictions: minimum lease term of 12 months; entire Unit must be leased (no partial); must comply with city licensing; no short-term stays (Airbnb/VRBO) or transient/hotel use (less than 3 months or with hotel services); lea (Article XI, Section 2(G))

Parking & vehicles

prohibited overnight except on individual driveway leading directly to Unit; temporary short-term if authorized by Association in writing (Article XI, Section 2(E)(iii))

Architectural approval

yes, for any exterior improvements, additions, changes, including color, materials, landscaping, fences, etc.; plans must be submitted to Architectural Committee (AC) appointed by Board (Article VIII, Section 1)

Home business

allowed as incidental use if no customers/employees coming to Unit and complies with city ordinances; e.g., personal business, business calls, correspondence (Article XI, Section 2(A) – uses customar)

Signs & flags

One 'for sale' sign not more than 3' x 3'; one garage sale sign allowed only during sale, limited time; political signs up to 45 days before election, removed within 2 days after; small school-related signs; event celebration signs up to 7 (Article XI, Section 2(H))

Maintenance

Association provides repair and replacement of roofs and roof flashing of each Unit (Article IX, Section 1(C))

Insurance

Association shall maintain property damage insurance on improvements on Common Properties and each Unit for full replacement cost (100% of insurable value) with replacement cost endorsement; coverage includes fire, extended coverage, vandal (Article VI, Section 3)

Use restrictions

yes, no Unit shall be used for any purpose other than a residence for individuals living together as a single housekeeping unit, and uses customarily incidental; no rooming house, group home, commercial foster home, fraternity/sorority, etc (Article XI, Section 2(A))

Voting & meetings

One vote per Unit; if multiple owners, they determine among themselves but only one vote cast per Unit; voting rights may be suspended for non-payment of assessments (Article III, Sections 2 and 3)

Extracted from the recorded governing documents and cited to them; may be incomplete and is not legal advice — verify against the official documents below.